• Property photo 1 - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites
  • Property photo 2 - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites
  • Property photo 3 - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites
  • Property photo 4 - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites
  • Property photo 5 - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites
  • Property photo 6 - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites
  • Property photo 7 - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites
  • Property photo 8 - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites
POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites

POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites

Eagle Lake - Edwardsburg, MI

Owner: Jeffrey Van Belle & Gary Sanders Mon, Sep 17, 2012 EASTERN

AUCTION IS OVER

• AUCTION HAS BEEN POSTPONED! • 5 Wooded Building Sites • Mature Timber on all Tracts • Edwardsburg Public Schools • Zoned R-1 • Eagle Lake Access • 7 Miles Northwest of Elkhart, IN • 15 Miles Northeast of South Bend, IN


OPEN HOUSE/INSPECTION DATES

Tuesday, September 4, 3:30-5pm
Saturday, September 8, 10-11:30am

Meet at Tract 1
Walkovers Welcome Any Time

PROPERTY LOCATION

South side of Eagle Lake at Edwardsburg, MI.
DIRECTIONS: 2.5 mile east of Edwardsburg OR 2 mile west of Adamsville on US 12 to South Shore Drive (Marine sign) go north to property. Property borders South Shore Drive and 8th Street.

AUCTION LOCATION

Eagle Lake Elementary School, go North of US 12 on Brady Rd. to Avenue C go west to site.

TRACT DESCRIPTIONS

Tract 1: 4.8± ac 71.8 FT. frontage on South Shore Drive plus Out Lot A. all wooded.

Tract 2: 4.7± ac 66 ft. easement off Out Lot B to South Shore Drive, all wooded.

Tract 3: 4.9± ac 66 ft. frontage on 9th Street with easement to Tract 4, all wooded.

Tract 4: 4.6± ac 66 ft. easement off 8th Street, all wooded.

Tract 5: 3.3± ac 66 ft. Frontage on 8th Street.

TRACTS 1-5 all have right of way to Eagle Lake on the North 127 ft. part of the Private Park on South Shore Drive.


AREA MAP

Satellite area map of the auction location near Eagle Lake - Edwardsburg, MI

TRACT MAP(S)

Tract map - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites

PLAT MAP(S)

Plat map - POSTPONED! 20.9+/- Acres at The Forest at Eagle - 5 Building Sites

PROCEDURE: The property will be offered in 5 individual tracts and as a total 20.9 +/- acres.

DOWN PAYMENT: Ten percent (10%) down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check, or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

BUYERS PREMIUM: A 3% Buyers Premium will be added to the bid price to determine the contract purchase price.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession of land at closing.

REAL ESTATE TAXES: Taxes shall be prorated to the date of closing.

APPROVALS: Sale and closing shall be contingent upon approval by Ontwa Township and the proposed land division and compliance with Public Act 591, as to all parcels sold. All real estate is being sold subject to any existing easements and right-of-ways of record and without grants of further division rights under Public Act 591.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share the survey expense 50:50.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding, if there is any questions as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

Any announcements made the day of the sale take precedence over printed material or any other oral statements made.

Auction Brochure

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